In early 2019, Swiggy expanded into general product deliveries under the name Swiggy Stores. According to a report by The Ken, Flipkart along with Chinese venture capital firm Tencent may invest $ 50 million each in the online food delivery platform. People familiar with the matter are claiming that […] Now it is stacking up the base with relevant services. Flipkart is reflecting on more speculations and acquisitions in the new businesses space. EquityZen is a marketplace for shares of proven pre IPO tech companies. Hong Kong-based SAIF Partners was the first company along with US-based Accel to invest $2 million in its first institutional funding round in 2015. According to the survey, Flipkart has held converses with put resources into nourishment conveyance aggregator Swiggy, benefits firm Urban Clap and furniture start-up […] Swiggy aims to raise Rs 10 crore for this fund and has already raised over Rs 4 crore through initial contributions from Swiggy's founders and employees. Similar to … How they cracked Swiggy SAIF Partners invested in Swiggy, when the foodtech unicorn had just a landing page. Until now, there has been no official comments from Flipkart, Tencent and Swiggy. Along with Tencent, the round saw participation from Ark Impact, Korea Investment Partners, Samsung Ventures, and Mirae Asset Capital Markets. Naspers’ substantial investment in Swiggy, as well as its recent investment in BYJU’S leading a USD 540 million funding round, demonstrates the company’s commitment to India across multiple sectors. ... the the technology-focussed fund had invested about $100 million in food delivery startup Swiggy last year. Along with Tencent, the new investors include Ark Impact, Korea Investment Partners, Samsung Ventures, and Mirae Asset Capital Markets. SoftBank Likely To Invest Upto $500 Mn In Swiggy Soon. Bengaluru-based foodtech unicorn Swiggy has raised $43 million funding as a part of its ongoing Series I investment round. Si Team. As per reports, SoftBank is looking to pick up a minority stake in Swiggy, in exchange for $200 Mn-$250 Mn. Swiggy has made 2 investments. Swiggy Franchise – Investment,Contact number,cloud kitchen opportunity. Coatue plans to invest $100 million in Faasos while Indonesian ride-hailing and food-delivery company Go-Jek is likely to pump in $5 million. 2,930 Number of Organizations • $73.3B Total Funding Amount • 8,019 Number of Investors. The Chinese internet giant, Tencent, may also participate in the round of funding according to the officials. Bengaluru-based foodtech unicorn Swiggy has raised an additional $43 million as a part of its earlier Series I funding round. By Sindhu Kashyaap | 20th Nov 2019. Swiggy said it will invest an additional Rs 75 crore to bring more partner cloud kitchens in 12 new cities by March 2020. Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities. On the surface, it seems difficult. Recently, Flipkart raised about $4 billion. Investment opportunities posted on this website are "private placements" of securities that are not publicly traded, are subject to holding period requirements, and are intended for investors who do not need a liquid investment. Now, Flipkart wants to broaden the scope of its services and offerings besides being just an e-commerce marketplace. Flipkart, which has become India’s largest ecommerce startup, may reportedly invest in the Bengaluru based food delivery startup, Swiggy. Swiggy is currently going in losses due to its growth-first plan(just for knowledge). February 19, 2020: Swiggy, India’s largest food delivery platform, has raised $113 million as a part of its Series I funding round.The latest round is led by existing investor Prosus N.V. and includes participation from Meituan Dianping and Wellington Management Company. Days after backing educational startup Byju’s by leading a $540 million investment, it has led a $1 billion investment … The companies have reportedly been in talks for over […] Bro, you cannot. SoftBank may invest $200-250 million in Swiggy Reports also indicate that Flipkart, Tencent and Alibaba are in talks with Swiggy for possible investments. As per regulatory filings, Ant Financial held 23% in Zomato as of November 2018. As indicated by a report of Mint. ... Swiggy, in terms of volume. So far, Swiggy has raised $1.57 billion. Food delivery major Swiggy on Wednesday said it has invested Rs 175 crore over a period of two years to set up over 1,000 cloud kitchens across 14 cities for its restaurant partners through its “Swiggy Access” initiative. Some reports about the merger of Zomato and Swiggy are also floating around. Then, in November a report stated that Flipkart can invest $50 million. Swiggy is currently going in losses due to its growth-first plan(just for knowledge). He held the lowest stake amongst all three co-founders of the firm with 19,690 equity shares on a fully diluted basis, valuing it at nearly Rs 465 crore ($62 million) per Swiggy’s latest equity funding round. Swiggy is based in Bangalore, India, and as of March 2019, was operating in 100 Indian cities. According to the report, Flipkart will invest approx $50 million and Tencent will also invest about $50 million, which will make the deal $100 million. Led by the global investment and media conglomerate, … SAIF Partners has been an early investor in Paytm, MakeMyTrip, Swiggy, Firstcry, BookMyShow, Rivigo, Meesho, Sharechat, Urbanclap and multiple others. Check the background of this firm on FINRA’s BrokerCheck. Naspers, the largest shareholder in Swiggy with a 23.3% stake, may see its holding increase to about 40% by investing over half the corpus through a mix of primary and secondary share purchases, sources said. The Series I round was initiated in February this year, where the foodtech startup had raised $113 million led by Prosus NV (previously Naspers), along with Meituan Dianping and Wellington Management Company. Naspers on Thursday announced that it will lead a $1 billion Series H round in Swiggy, India’s largest food delivery platform, with a $660 million (R9.5 billion) investment. Investors are made to believe that the company is progressing with boosted speeds and the growth graph is in an upward incline. Swiggy's most recent funding round was in May last year when Naspers invested $80 million during its Series E round. There’s been talk about Swiggy acquiring Ubereats for some time. Blaze Pizza is the leader in the fast-casual artisan pizza category, uses an assembly line format to create pizzas at lightning fast speed. Two years ago, it started Swiggy Access, an effort where Swiggy would take up real estate on lease, refurbish it into small shared kitchens and sub-let it to restaurant chains. Swiggy now has a valuation of $3.6 billion, which is a little higher than its previous valuation of $3.3 billion. Swiggy announces ESOP liquidity programme Under the programme, employees will be able to sell their shares to investors in the company The company's platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. Swiggy invests Rs 31 crore in ready-to-cook food start-up Fingerlix February 26, 2019 4:04 AM Fingerlix had raised $7 million from Accel Partners and Zephyr Peacock in Series-B funding in 2017. Naspers, Meituan-Dianping invest $100 mn in Swiggy Special Correspondent BENGALURU, February 08, 2018 23:14 IST Updated: February 08, 2018 23:14 IST Special Correspondent The company's food delivery platform lists local restaurants and menu lists on an app for users to order from and track delivery of its delivery executives, enabling users to order food with speed and convenience. Swiggy is India's largest and highest-valued online food ordering and delivery platform founded in 2014. Swiggy had raised two rounds of funding in FY19 — $210 million around June by DST Global and Naspers along with its international investment unit Prosus and $1 … Founded in 2014 by Sriharsha Majety, Nandan Reddy and […] With over 1,000 kitchens in a year, Swiggy invests Rs 250 Cr to focus on cloud kitchens . What Makes Swiggy So Vulnerable Yet An Exciting Bet Now? Swiggy is India's largest and highest-valued online food ordering and delivery platform founded in 2014. Their most recent investment was on Apr 7, … February 19, 2020: Swiggy, India’s largest food delivery platform, has raised $113 million as a part of its Series I funding round.The latest round is led by existing investor Prosus N.V. and includes participation from Meituan Dianping and Wellington Management Company.